Base the following amounts for an entire year of expenses. Loans can be up to 2.5 times the borrower's average monthly payroll costs, not to exceed $10 million. Payroll costs should include amounts withheld for federal employment taxes and FICA for all periods up to Feb 15, 2020
These are payroll costs that cannot be included in the calculation of your loan estimate. If any of these items were included in your calculations of wages in the previous section, input the amounts below to exclude them from the calculations. Again, these should based on an entire year.
Loans can be up to 2.5 times the borrower's average monthly payroll costs, not to exceed $10 million.
All calculations below should be based on an 8 week period beginning at loan origination date.